Electric vehicles are expected to displace gas-powered cars in a big way over the next 10-30 years. And ChargePoint, as one of the largest charging networks, aims to play a central role in this transition.
ChargePoint Holdings Inc. (NYSE: CHPT) is one of the leading electric vehicle charging networks in the world, and currently operates over 150,000 public and private charging spots across North America and Europe.
In this article, we will look at the historical performance of ChargePoint stock, and make some predictions for its future price based on different scenarios and assumptions.
Key highlights:
- We forecast ChargePoint’s stock price based on three possible growth scenarios, each with a different annual growth rate: 5% yearly growth, historical S&P 500 ROI (11.8%), and historical Nasdaq-100 ROI (17.5%).
- Based on a 5% annual growth rate, ChargePoint stock could reach $5.37 by 2040 and $8.74 by 2050.
- Based on the S&P 500’s historical average annual return of nearly 11.8%, ChargePoint stock could reach $16.61 by 2040 and $50.66 by 2050.
- Based on the tech-heavy NASDAQ-100 index’s average yearly return of 17.5%, ChargePoint stock could reach $40.64 by 2040 and $204 by 2050.
Here’s an overview of ChargePoint stock’s price prediction under different growth scenarios.
| 2025 | 2040 | 2050 | |
|---|---|---|---|
| CHPT Stock Forecast ( 5% yearly growth ) | $2.18 | $4.54 | $7.39 |
| CHPT Stock Forecast ( S&P 500 historical 11.8% ROI) | $2.47 | $13.19 | $40.23 |
| CHPT Stock Forecast ( NASDAQ historical 17.5% ROI) | $2.73 | $30.71 | $154.06 |
*Based on CHPT stock price of $1.97.
ChargePoint’s stock price history
ChargePoint was founded in 2007 and has been one of the pioneers in the EV charging space. However, it only went public recently via a merger with a SPAC called Switchback Energy Acquisition Corporation in March 2021. This deal garnered significant attention as it valued ChargePoint at $2.4 billion and was one of the largest SPAC mergers at the time.
The CHPT stock began trading on the NYSE on March 1, 2021 at an opening price of $31.50 per share. The stock initially saw a strong momentum, reaching an all-time high of $49.48 just two weeks later as investors were very bullish on EV charging companies.
However, sentiment soon soured and ChargePoint’s stock price steadily declined throughout 2021. By the end of the year, it was trading around $18 per share. In 2022, the stock continued sliding and is now down nearly 80% from its peak, trading at around just $1.97 per share and a market cap of $821 million at the time of writing.
ChargePoint prediction for 2040
What will ChargePoint stock be worth in 2040? To make a prediction for ChargePoint stock price in 2040, we will use three different scenarios based on different assumptions and growth rates, and also our profit calculator which will help you calculate future profits based on your starting investment.
The first scenario is based on a conservative assumption that the stock will grow at a 5% annual rate over the next 17 years. In this scenerio, ChargePoint stock could reach $4.54 by the year 2040.
The second scenario assumes that the stock appreciates in line with historical S&P 500 returns of around 11.8% per year over the next 17 years. This scenario implies that the stock could reach $13.19 by the end of 2040.
In the third scenario, our assumption is that ChargePoint stock will follow the historical returns of the NASDAQ-100 index, which is around 17.5% per year. Based on this, we could expect the stock to climb to $30.71 by 2040.
ChargePoint prediction for 2050
To make a prediction for ChargePoint stock price in 2050, we will use the same three scenarios as before, but this time, we are extending the time horizon to 27 years.
Based on the first scenario which is the 5% annual rate, the stock is expected to hit $7.39 by 2050.
If it were to follow the historical S&P 500 return, Chargepoint stock would be worth $40.23 in the year 2050.
If ChargePoint followed NASDAQ-100’s historical return of 17.5% until 2050, the stock would reach $154.06 by 2050
ChargePoint prediction for 2024
According to our ChargePoint stock forecast, ChargePoint stock is expected to hit a high of $4.72 in 2024. However, please keep in mind that our price prediction algorithm doesn’t take any fundamental factors into account and that the forecast can change based on market conditions.
What’s next for ChargePoint? Potential catalysts for growth
As mentioned earlier, ChargePoint is charging ahead as a leader in the EV charging game, with over 150,000 stations across 14 countries and counting. Here’s how ChargePoint is planning to grow in the coming years.
Network and service expansion: ChargePoint has been aggressively extending its network and offerings for electric vehicle charging to new markets and geographic areas. To better serve its users, the company has expanded across Europe, Canada, Australia, New Zealand, Japan, South Korea, India, China, and Mexico. ChargePoint is expanding quickly to give drivers the flexibility to charge whenever and wherever they need to, whether it is for a fleet, at home, at work, in public, or quickly while they’re on the road.
The innovation of its technology and products: In order to advance its hardware, software, and cloud services, among other goods, the company has also been making some investments in R&D. ChargePoint Home Flex, ChargePoint Express Plus, and ChargePoint Cloud Services are just a few of the newly released and improved products from the company. Additionally, the business has been creating and evaluating cutting-edge technologies like blockchain-based charging, wireless charging, and bi-directional charging.
Acquisitions and strategic alliances: ChargePoint has been creating acquisitions and alliances with a range of EV ecosystem participants, including automakers, utilities, governments, merchants, and fleet operators. Among the noteworthy instances are:
The bottom line
ChargePoint is a high-growth, high-risk, and high-reward stock that could offer significant returns for investors who are willing to take a long-term view. However, investors should also be aware of the risks and challenges that the company faces, and conduct their own due diligence before making any investment decisions.
If you are interested in investing in ChargePoint stock, you can find more information in our article on how to buy ChargePoint Holdings, Inc Stock. To read more about long-term stock price forecasts, check how much higher Google could reach by 2040 and 2050.
Source: https://coincodex.com/article/36529/chargepoint-stock-forecast-2040-2050/